Cadre Holdings, Inc. Declares Quarterly Dividend of $0.09 (NYSE:CDRE)

Cadre Holdings, Inc. (NYSE:CDRE) announced a quarterly dividend on Tuesday, April 23rd, Wall Street Journal reports. Shareholders of record on Friday, May 3rd will be paid a dividend of 0.0875 per share on Friday, May 17th. This represents a $0.35 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Thursday, May 2nd.

Cadre has a payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cadre to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 26.3%.

Cadre Stock Down 1.0 %

NYSE CDRE traded down $0.33 during mid-day trading on Thursday, reaching $33.10. 223,802 shares of the company’s stock traded hands, compared to its average volume of 253,043. Cadre has a 1-year low of $19.13 and a 1-year high of $39.81. The company has a fifty day simple moving average of $35.48 and a 200-day simple moving average of $32.98. The company has a current ratio of 2.58, a quick ratio of 1.73 and a debt-to-equity ratio of 0.65. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 32.45, a P/E/G ratio of 1.76 and a beta of 1.32.

Cadre (NYSE:CDRE) last released its earnings results on Tuesday, March 5th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.11. Cadre had a return on equity of 21.85% and a net margin of 8.01%. The company had revenue of $124.58 million for the quarter, compared to the consensus estimate of $122.30 million. As a group, equities research analysts expect that Cadre will post 1.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on CDRE. Stephens increased their target price on Cadre from $36.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Raymond James downgraded Cadre from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Roth Mkm reaffirmed a “buy” rating and set a $43.00 target price (up previously from $38.00) on shares of Cadre in a report on Wednesday, March 6th. B. Riley reaffirmed a “buy” rating and set a $48.00 target price (up previously from $40.00) on shares of Cadre in a report on Wednesday, March 6th. Finally, Stifel Nicolaus raised their price target on Cadre from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cadre currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

Insider Buying and Selling at Cadre

In other Cadre news, CEO Warren B. Kanders sold 1,438,127 shares of Cadre stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $35.00, for a total transaction of $50,334,445.00. Following the sale, the chief executive officer now owns 12,184,918 shares of the company’s stock, valued at approximately $426,472,130. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 49.20% of the stock is owned by company insiders.

Cadre Company Profile

Cadre Holdings, Inc manufactures and distributes safety that provides protection to users in hazardous or life-threatening situations in the United States and internationally. The company operates in two segments, Products and Distribution. It offers body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brand names; survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, and vehicle blast attenuation seats for bomb safety technicians; bomb suits; duty gear, including belts and accessories; and other protective equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.